Posted on June 14, 2013, at 4:19 pm .
SACRAMENTO, Calif. (GenCorp PR) – GenCorp Inc. (NYSE: GY) announced today that it has completed the acquisition of substantially all operations of the Pratt & Whitney Rocketdyne business (Rocketdyne) from United Technologies Corporation (NYSE:UTX). GenCorp will combine Rocketdyne with Aerojet-General Corporation (Aerojet), a wholly-owned subsidiary of GenCorp, and the combined businesses will operate as Aerojet Rocketdyne, Inc., headquartered in Sacramento, California.
As part of the Rocketdyne transaction, GenCorp will acquire UTC’s 50% interest in the RD Amross joint venture following receipt of Russian regulatory approvals.
Continue reading ‘GenCorp Completes Acquisition of Pratt & Whitney Rocketdyne from UTC’
Posted on June 11, 2013, at 9:16 am .
WASHINGTON (FTC PR) – The Federal Trade Commission has closed its investigation into the proposed acquisition of rocket engine manufacturer Pratt & Whitney Rocketdyne by aerospace company GenCorp Inc. Although the FTC concluded that the deal will give GenCorp a monopoly in the market for a type of advanced missile defense interceptor propulsion system, the Commission decided not to challenge the transaction, primarily because the Department of Defense wishes to see the transaction go forward for national security reasons.
Continue reading ‘FTC Approves GenCorp’s Purchase of Pratt & Whitney Rocketdyne’
Posted on December 18, 2012, at 6:34 am .
CANOGA PARK, Calif. (PW&R PR) — Pratt & Whitney Rocketdyne successfully completed the last hot-fire test on the J-2X powerpack — an important step toward development of America’s next rocket engine designed for human spaceflight. NASA has selected the J-2X as the upper-stage propulsion for the Space Launch System (SLS), an advanced heavy-lift launch vehicle. Pratt & Whitney Rocketdyne is a United Technologies Corp. (NYSE:UTX) company.
Continue reading ‘Pratt & Whitney Reaches J-2X Milestone’
Posted on November 11, 2012, at 4:23 pm .
With the end of the space shuttle program, Pratt & Whitney Rocketdyne needs fewer employees:
About 100 employees at Pratt & Whitney Rocketdyne, most of whom work in the San Fernando Valley, were laid off Wednesday in response to dwindling government spending on space exploration, the company said.
Continue reading ‘Pratt & Whitney Rocketdyne Lays Off Employees’
Posted on July 29, 2012, at 3:37 pm .
United Technologies Corporation has created a new UTC Aerospace Systems business unit by acquiring aerospace parts maker Goodrich Corporation and combining it with UTC’s Hamilton Sundstrand Space Systems, which has been making spacesuits, life-support equipment and other components for America’s space program for nearly 50 years.
To finance its Goodrich acquisition, UTC has agreed to sell Pratt & Whitney Rocketdyne to GenCorp (owner of Aerojet) for $550 million. The company will also sell its Hamilton Sundstrand Industrial unit to BC Partners and The Carlyle Group for $3.46 billion. The industrial unit manufactures highly engineered, mission-critical pumps and compressors for the global industrial, infrastructure and energy markets.
Continue reading ‘UTC Creates New Aerospace Systems Unit with Goodrich Acquisition’
Posted on July 25, 2012, at 4:06 pm .
Despite NASA paying Pratt & Whitney Rocketdyne $1.2 billion to develop the J-2X upper stage for the new Space Launch System, the space agency will use modified Delta IV stages on the first two flights of the new heavy-lift booster.
The price tag? A cool $175 million. The beneficiary? Boeing. And, curiously enough, Pratt & Whitney Rocketdyne.
Continue reading ‘Boeing Gets $175 Million to Adapt Delta IV Stage for Space Launch System’
Posted on July 23, 2012, at 7:31 am .
SACRAMENTO, Calif., July 23, 2012 (GenCorp PR) – GenCorp Inc. (GY), headquartered in Sacramento, California, announced today that it has signed a definitive agreement to acquire Pratt & Whitney Rocketdyne (PWR) from United Technologies Corporation (UTX) for $550 million.
“We see great strategic value in this transaction for the country, our customers, partner supply base and our shareholders,” GenCorp Chief Executive Officer Scott Seymour said. “The combined enterprise will be better positioned to compete in a dynamic, highly competitive marketplace, and provide more affordable products for our customers.”
Continue reading ‘Aerojet Parent GenCorp to Buy Rocketdyne for $550 Million’
Posted on April 22, 2012, at 2:56 pm .
Paul Allen
Here’s an interesting bit of news from Aviation Week:
United Technologies Corp. (UTC) is expected to complete the sale of its Pratt & Whitney Rocketdyne rocket propulsion arm within the next two weeks as part of efforts to raise $3 billion to help finance its acquisition of Goodrich Corp….
The group believed to be most strongly linked to the acquisition is thought to involve Microsoft co-founder Paul Allen, former Scaled Composites CEO Burt Rutan and former NASA administrator Mike Griffin. The three are behind Stratolaunch Systems, the company founded in late 2011 to develop a next-generation, mobile, airborne launch system based on a hybrid aircraft formed from two Boeing 747s (Aerospace DAILY, Dec. 14). Another board member of Stratolaunch is Dave King, vice president of Dynetics, the Huntsville, Ala.-based company that will be responsible for integration of the launch vehicle and carrier aircraft systems.
It’s a bit of a puzzle why they would be purchasing PWR if they’re using Space Falcon rockets for Stratolaunch. A possible explanation is that they have other projects in mind that would use the company’s expertise.
We’ll follow this story and let you know more as information becomes available.
Read the full story.
Posted on April 20, 2012, at 6:22 am .
COLORADO SPRINGS, Colo. (Dnyetics PR) – Dynetics and Pratt & Whitney Rocketdyne (PWR) announced here today at the National Space Symposium a long-term partnership to compete for the NASA Space Launch System (SLS) Advanced Booster Engineering Demonstration and/or Risk Reduction (ABEDRR) procurement. Under this agreement, Dynetics and PWR are exclusive partners with respect to use of the proven Saturn V F-1 rocket engine technology.
“The SLS booster procurement requires a team that can balance affordability, innovation and experience throughout the life cycle – from development to production and operations,” said Steve Cook, Dynetics director of space technologies. “Dynetics and PWR have formed such a team, offering a wide-ranging set of risk‑reduction activities and demonstrations that enable a superior booster solution.”
Continue reading ‘Dynetics, Pratt & Whitney Rocketdyne Partner for SLS Booster Work’
Loading ...